Gold Liberty Head Coins
The Gold Liberty Head coin is another example of the double eagle. This version is a bit older than some of the more famous double eagles. It was first minted in 1849 and the minting stretched to 1907. Like most pieces of U.S. currency, these coins were minted in five different minting facilities through the years: Carson City, Denver, New Orleans, Philadelphia, or San Francisco. The mint mark will be either a CC, D, O, or S, based on the mint where it was produced. If no mint mark is visible, this just means that the coin was minted in Philadelphia, as coins minted in that facility don’t carry a mintmark. The Chief Engraver at the time, James B. Longacre, was tasked with designing the coin. The head of Lady Liberty sits in profile on the obverse and her head is tilted slightly upward. The reverse has a heraldic image: an eagle sits behind a shield, clasping in its left talons a bundle of arrows. The words IN GOD WE TRUST sit above its head. Just like other double eagles, this piece of American currency carries a face value of $20.
Canadian Gold Maple Leaf Coins
Only the second gold coin to enter the precious metals market, the Canadian Gold Maple Leaf Coins have a rich history spanning close to four decades . These coins are an annual feature from the Royal Canadian Mint, and are assigned legal tender status in Canada.
As its name suggests, these coins bear the proud maple leaf design on their reverses. This leaf is one of the most iconic and important Canadian symbols and its depiction leaves nothing to be desired. The detailed design captures the most intricate veins and textures, making the leaf look very real.
On the other hand, Queen Elizabeth IIs most recent rendition is featured on the obverse sides. Although these coins dont boast annually changing designs, the design on this side changes when the mint starts using another portrait of the Queen on circulating currency.
Purchasing Gold Bullion From Golden Eagle Coins
Purchasing gold for investment purposes has traditionally been a hedge against inflation and weakness in the US dollar. For thousands of years, gold has been a store of wealth and value which continues today. Owning physical precious metals is a strategy of the very wealthy for centuries and although precious metals don’t necessarily need to be your only investment, it may be wise to make them a part of your strategy moving forward.
Offering our customers competitive prices and a wide range of inventory, while also providing a positive purchasing experience, is our top priority. We appreciate honest reviews and are available through our call center or email address, if you have any questions or concerns.
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Should You Buy Gold Coins Or Should You Buy Gold Bars
Since 1977, Kitco has been buying gold in the form of scrap, gold coins, and gold bars. We are the worlds #1 Gold News website, and a trusted online bullion dealer choice from where to both sell and buy gold.
It is often the goal of investors to buy gold bullion at the lowest price per ounce possible. If buying the most ounces of gold for your capital is your biggest goal, buying gold bars is probably your best choice.
If owning a government backed highly recognizable legal tender coin is most important to you, than perhaps buying a gold coin or multiple gold coins is your best option.
Maybe government minted gold bullion bars are be the best hybrid between both offering a low price gold bar coupled with a government guarantee and high recognition hallmark. Both the Canadian Mint and Australias Perth Mint make such government guaranteed yet low price gold bars.
The Most Popular Gold Coins
The most popular sovereign gold coins in the world are the following six. Some are 22-karat and most are 24-karat, but they all contain a full ounce of gold. Youll see their content and purity are guaranteed by a government, and other than the Krugerrand, are all legal tender in the country of issue. Theyre also all eligible to put in your IRA
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Is It A Good Idea To Buy Gold Coins Or A Gold Bar
Although the decision to invest in either gold coins or gold bars is often based on personal preferences, you should consider other factors such as tax implications, your investment strategy, and more importantly, what might give you a better deal when selling.
For centuries, gold has proven to be a stable, wise, and lucrative investment choice for both individuals and institutions. In addition to avoiding risks that come with relying on the unstable paper-based currency, investing in gold is a sure guarantee that you won’t be affected much by inflation or currency devaluation. This is why smart investors turn to such precious metals to protect their wealth and diversify their portfolios.
You’ll, however, have to choose between gold coins and gold bars or go for both. And as with any investment option, investing in gold coins or gold bars has its advantages and disadvantages.
It’s important to note that there’s no right or wrong answer when it comes to choosing between gold coins and gold bars. The decision to invest in either gold coins or gold bars should be generally influenced by your objective as an investor. After all, they’re both lucrative investments and probably much better than paper currency.
In this brief article, we’ll take a look at how gold coins and gold bars compare as an investment vehicle. At the end of this read, you should be in a much better position to make a sound decision.
Buy Silver Bullion Coins
- Silver American Eagle Coin: It’s been heralded as one of the best-selling silver coins of all time. The 1 oz. Silver Eagle is respected around the world for its silver content99.9% pure silverweight, and purity. It features Walking Liberty on the obverse and an aptly named Heraldic eagle on the reverse.
- Silver Eagle Monster Box: Looking for a lot of silver for sale, right now? Look no further than a Silver Eagle Monster Box. It’s one of the most economical ways to buy 500 1 oz. Silver Eagle Coins at one time.
- Pearl Harbor Silver Coin: Honor America’s WWII heroes with this silver bullion coin. The 1 oz. Pearl Harbor Silver Coin is made of .9999 pure silver and is the only 75th Anniversary Pearl Harbor Silver Coin.
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Popular Gold Bullion Bars
-Random Manufacturer: Gold Bullion Bars, produced at the most admirable private refineries, offered for the lowest premium.
-Pamp Suisse Fortuna Bars: Known worldwide for its assortment of bar sizes .
-Perth Mint Bars: The bars contain no design and come in airtight assay card.
-Valcambi Gold Bars: 50 gram CombiBar is a creative way to obtain 50 grams of gold through 1 gram detachable bars.
-Credit Suisse Bars: Produced at one of the world’s oldest refineries and comes secured in airtight assay card.
-Sunshine Mint: Investors enjoy their 1 oz bars the most.
The Best Places To Buy Gold Coins
Most gold coins are bought in one of two places: at a local coin shop, or online.
Believe it or not, youll likely find better pricing online than at a coin shop, even after factoring in shipping costs. Thats because the overhead at a brick-and-mortar store is higher. But thats just part of the difference between them.
Heres the pros and cons of your two basic options
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The Us Commemorative Gold Coins
The U.S. Mint produces a large variety of designs for commemorative coins. These coins always carry images of important and iconic figures, places or events in American History. These coins are highly appreciated by passionate numismatists. The most popular U.S. Gold Commemorative coin designs are the $5 Commemorative Gold coins, the $10 First Spouse Gold series and the Centennial Gold Coins.
The $5 Commemorative Gold Coins were released in 1986 and feature the Olympic Games, The Statue of Liberty, the American Bald Eagle, Mount Rushmore, the 50th Anniversary of the United States victory in WWII, Mark Twain, and many other honorable figures. The $10 First Spouse Commemorative Gold Coin was introduced in 2007 and each year carries the depiction of the First Lady corresponding to the president depicted on the Presidential Gold Coin issued in the same year. The Centennial Commemorative Gold Coins minted in 2016 celebrate the 100-year anniversary of the three most important historical gold coin designs minted: the Walking Liberty, the Standing Liberty and the Mercury first produced in 1916.
Size And Ease Of Storage
As far as storage is concerned, you certainly want your investment to be as secure as possible both in monetary and physical terms.
Just like gold bars, gold coins vary in size. However, gold bars are much bigger in size and cannot be a perfect option if you’re looking for a discreet form of investment. That being said, gold coins can be easily stored while gold bars are bulky and can only be stored in secured insured vaults.
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Is It A Good Time To Buy Gold Coins
Purchasing coins through a reputable online dealer offers certain advantages. Because they operate without a brick and mortar storefront, online dealers can usually offer more competitive prices than a local coin shop.
In addition to a broader selection of coins to choose from compared to coin shops, most reputable online dealers offer considerable privacy for gold transactions. Buying from a local coin shop would not be as private if you are physically present to make your purchase.
With respect to whether it makes sense to buy gold now, that will depend on your market view. The economic impact of the past years COVID-19 pandemic has fueled a recent rally in precious metals. If you have yet to diversify your portfolio into precious metals or just want a safe haven for your wealth, then investing in gold coins is definitely worth considering.
Historic Cultural And Collectible Value
Gold coins are known to have more sentimental value than gold bars both historically and culturally. Simply put, gold coins can be more ideal for you than gold bars if you want to invest in something with a more historical and cultural value. Again, gold coins have more collectible value than gold bars.
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Gold & Silver Government Mint Coinage
Government mints are minting facilities owned by governments, like the U.S. Federal Government, or sovereigns, like the Queen of the United Kingdom. The primary purpose of a government mint is to create a currency that will be circulated within a nations borders to use in transactions, but many government mints also produce bullion bars and gold coins for collection and investment.
While coins and currency have been around for thousands of years, the first mints only appeared in the 7th century B.C.E., and government-minted coins rose to prominence with the Roman Empire. Today, every major developed country contains a government mint, and some, like the U.S., have several facilities where coins and currency are produced.
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Other Gold Dealers To Consider
Money Metals ExchangeBuy a variety of gold coins and bullion through Money Metals exchange, and save money by enrolling in a monthly plan of $100 or more to lower costs.
Set up price alerts to find the best prices, and pay with a variety of methods including certain cryptocurrencies.
They offer free shipping of orders of $500 or higher.
David Hall Rare CoinsIf you want a personal touch, consider David Hall Rare Coins, where you shop by talking to an agent directly. They sell gold and silver over the phone, including coins and bullion.
David Hall Rare Coins has a Trustpilot score of 2.9 out of 5.
BGASC BGASC has a wide selection of gold coins at low prices. They have a reputation for solid customer support and excellent shipping times.
Their return window is only 3 days, and their payment options are more limited than some of their competitors.
BGASC has a Trustpilot score of 4.8 out of 5.
Golden Eagle CoinsGold Eagle Coins has a 45-year history in the business of dealing gold, with a good reputation online that has been proven over time.
They are reported to have strong customer service, have a wide selection of coins, and a generous 7-day return policy.
Gold Eagle Coins has a Trustpilot score of 4.5 out of 5.
American Gold Eagle Coins
The official gold bullion coin of the United States of America, the American Gold Eagle is an awe-inspiring precious metals product indeed. It is released by the United States Mint, and has been a regular annual feature since it first released in 1986.
These coins feature Augustus Saint-Gaudens rendition of Lady Liberty on the obverse, and Miley Busieks depiction of a family of eagles on the reverse.
Although this series isnt the oldest gold coin program in the world, it does feature among the most popular and successful ones.
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Gold Mutual Funds And Etfs
Rather than investing in a single company tied to gold, you invest in a basket of gold-related securities through gold mutual funds or ETFs. Gold funds may track the price of gold, include the stocks of multiple gold mines and refineries or provide exposure to gold futures and options.
Top gold mutual funds and ETFs include:
- iShares Gold Trust
- Invesco DB Gold Fund
- Franklin Gold and Precious Metals Fund
Us Gold Coins Sizes And Designs
The U.S. gold coins presently available on the market range from Pre-1933 U.S. minted coins to the U.S. Gold Bullion coins like the U.S. Commemorative Gold Coins, Gold American Eagles, and the Gold American Buffalos. Their sizes vary between 1/10 oz., ¼ oz., ½ oz. and 1 oz. for the new American Gold Coin designs to the Pre-1933 Quarter Eagles , Half Eagles , Eagles , and Double Eagles with weights from .1209 to .9675 oz.
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Investing In Gold Vs Silver
Gold is the most popular of the investment precious metals, opposed to silver, platinum and palladium. However, when priced in dollars, it can appear volatile, although not usually as much as silver. From 2005 to 2011, both gold and silver increased dramatically in value, even more rapidly than the dollars purchasing power fell. In addition, its historic role as money, silver is essential in many industries, means there is always a need for it. Conversely, gold has limited industrial use and other than its role as a core investment asset it is associated with luxury purchases, such as jewelry.
The value of gold per ounce dramatically exceeds the value of silver. Just look at the 1 oz silver bar value to get a better idea and understanding of each metals value in the market. And silver is currently way undervalued versus gold on a historical basis. Because of its affordable price, silver is accessible to more investors on every level. However, gold is often preferred as go to asset during periods of global financial turmoil. Owning gold and silver bullion as financial insurance is an important part of any prudent financial plan.
Legal Issues And Gold
Is there sales tax on gold ?
Not in our home state of Arizona. Therefore, purchases from Onlygold.com are free of sales taxes.
Are gold bullion coins legal tender ?
Yes, most of them are. This nominal face value allows them to travel across national borders without the taxation or fees imposed by many countries on bullion itself.
Do bullion coins come with a certificate of authenticity ?
Yes, a makers mark and statement of weight and fineness is stamped directly onto gold bullion, whether coins or ingots. The bullion itself, in effect, bears its own certificate from whichever Mint or refiner produced it. Fortunately, gold is an element with a unique specific gravity, and other attributes which make it very easy to test for authenticity. The ancient Egyptians pioneered the acid test for gold, and any jeweler, pawnbroker, or high school chemistry teacher can demonstrate the basics of gold.
Are there counterfeit gold coins ?
Yes, over the centuries, crude copies of gold coins have been made. But because of golds unique density , these copies are not very convincing. Once you hold a real gold coin in your hand, and you feel the heft and density of it, you realize that gold is simply hard to imitate. Of course, we recommend that you know your supplier when buying gold, just as you would with anything of real value.
Was gold illegal to own at one time ?
When were gold restrictions lifted ?
Is there any limit on how much gold I can own ?
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